Believe me I am not in favor of federal power but I am also certain the founders never thought any reasonable thinking person would allow their neighbors to decide what I can do with my property.
The current legislation as written isn't perfect by any stretch but individual liberty and property rights should come first.
That really isn't the issue though. If you live in an HOA then you voluntarily agreed to allow the HOA to dictate to some extent what can be done on your property. It isn't really a constitutional or a founders issue, it is contract law. If you sign a contract in good faith that limits what you can do, and in return you are protected from others doing things on their property that may affect you and yours then the federal government (as well as local and state) has no business interfering.
If you disagree with the HOA rules or decisions you have redress. This includes things like selling and moving, getting elected to the HOA board and changing the rule or disobeying the rule and accept the consequences.
For many people HOA's are an acceptable or desirable solution. They help protect property values, protect against eyesores and to provide services and facilities.
Now, all this being said, if the Ham Radio Parity Act (or whatever it is called) passes and allows me to have external antennas I am certainly going to avail myself of that!